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Business - Page 478

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

NGX Records N63.83bn Share Trades Within Three Days

A total turnover of 2.87 billion shares, worth N63.83 billion, was traded in 80,229 deals by investors on the floor of the Nigerian Exchange (NGX) between Monday and Wednesday. The NGX, also known as the stock market, opened for three trading days

December 25, 2025

Business·Oil & Gas

Fuel Price To Hit N700/litre, Up From N500 – Oil Marketers Reveal

The price of fuel in petrol stations will rise from N500 per litre, to as high as N700 per litre, the National Controller Operations of Independent Petroleum Marketers Association of Nigeria (IPMAN), Mike Osatuyi, revealed. The representative of the oil marketers said

June 29, 2023

Business

APC’s Mustapha Audu Reveals How Ending Fuel Subsidy Can Create Billionaires

A Chieftain in the All-Progressive Congress (APC), Mustapha Audu, has stated that the removal of subsidy on fuel could create billionaires in the electric vehicle market in Nigeria. Audu said the removal of the subsidy will free trillions of naira, which the

June 29, 2023

Business·News·Sports

Football Transfer News: Arsenal, West Ham Agree £105m British Transfer For Rice

Premier League runners up Arsenal on Wednesday agreed a deal worth £105m to sign West Ham's England midfielder Declan Rice

June 28, 2023

Business

World Bank To Invest $750 million In Nigeria’s Rural Electrification Project

The World Bank’s Director of Strategy and Operations for the Western Central African Region, Elizabeth Huybens, has disclosed that $750 million will be disbursed to Nigeria for the Nigeria Electrification Project (NEP). Huybens said the fund will be provided to support Nigeria’s

June 28, 2023

Lagos Gov Sanwo-olu Under Fire Over ‘N7.5m Fragrance, N18m Christmas Chickens’

Business

Nigerians React To Lagos State Gov’t’s Decision To Charge For Proof Of Vehicle Ownership

Nigerians have spoken against the decision of the Governor of Lagos State, Babajide Sanwo-Olu, after he approved the vehicle ownership verification fee, also known as the Proof of Ownership Certificate (POC). This was disclosed by the Permanent Secretary of the state’s Ministry

June 28, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Dollar Records Mixed Fortunes In Official Window, Black Market

The foreign exchange rate aggregator for the official market, FMDQ Exchange, disclosed that the average rate of the dollar at the end of Tuesday’s session was N763/$1. It contrasted with the N768.17/$1 the American greenback was sold on Monday, reflecting the naira

June 28, 2023

Business

5kg Cooking Gas Hits N4,360, 12.5kg Up 9.30%, Highest In Bayelsa, Cross River

The National Bureau of Statistics (NBS) has disclosed that the average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas, popularly known as cooking gas, fell to N4,360.69 in May 2023. This is a 6.07 per cent month-on-month decline compared

June 28, 2023

CBN Orders Nigerian Banks To Lift Restriction On Accounts Of Crypto, Other Firms

Business

CBN Issues New Guidelines On Contactless Payments, Sets Limits On Transactions

Guaranty Trust Bank (GTBank), United Bank for Africa (UBA), Zenith Bank and other financial institutions have been directed by the Central Bank of Nigeria (CBN) to limit transactions on contactless payments. In a circular conveying guidelines to banks, other financial institutions and

June 28, 2023

Business·News·Sports·Uncategorized

Man City Unveils Kovacic In £30m Deal

Manchester City have confirmed the signing of Mateo Kovacic from Chelsea who arrives as a direct replacement for the departing Ilkay Gundogan

June 28, 2023

Nigeria’s Electricity Tariff Hike: Any Impact On Productivity?

Business·Power

Electricity Tariff Increase Unjust, Wrongly Timed – MAN DG

Director General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, has described the proposed increase of electricity tariff as unjust and ill-timed. Ajayi-Kadir said there was no justification for the increase because they are not getting adequate power supply for their

June 27, 2023

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

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Business - Page 478

Fuel Price To Hit N700/litre, Up From N500 – Oil Marketers Reveal

APC’s Mustapha Audu Reveals How Ending Fuel Subsidy Can Create Billionaires

Football Transfer News: Arsenal, West Ham Agree £105m British Transfer For Rice

World Bank To Invest $750 million In Nigeria’s Rural Electrification Project

Nigerians React To Lagos State Gov’t’s Decision To Charge For Proof Of Vehicle Ownership

Dollar Records Mixed Fortunes In Official Window, Black Market

5kg Cooking Gas Hits N4,360, 12.5kg Up 9.30%, Highest In Bayelsa, Cross River

CBN Issues New Guidelines On Contactless Payments, Sets Limits On Transactions

Man City Unveils Kovacic In £30m Deal

Electricity Tariff Increase Unjust, Wrongly Timed – MAN DG

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